Cinpres Gas Injection Ltd, the world’s leader in Gas Assisted Molding technology has benefited from an $11.8 million cash injection from its parent company, NI Group.
The investment represents a massive statement of confidence in Cinpres. The cash will help the company to retain its global technical supremacy.
Cinpres Managing Director Jon Butler said: “We operate in a commercial sector in which some companies which try to compete with us have little actual substance – they amount to a contract manufacturing operation coupled to a very small commission-only sales team. One competitor also called in the administrators recently. The financial stability of the company is important for customers – they want to know that you are going to be around to honour warranty claims, provide technical support over a sustained period, and protect them from low-order competitors using cheap me-too technology.
“Only Cinpres has the global patent defence to provide protection to the end user customers, with full supply chain protection. The investment will further reinforce our leading position,” said Mr Butler. “Cinpres is in the business for the long haul and this investment by NI Group is a substantive statement of confidence to that effect.”
Cinpres technology is used worldwide for the production of plastic components, offering significant benefits including quality improvement and cost reduction. The technology essentially cores out the centre of thicker sections within a plastic part using gas. This leads to faster and more even cooling, less distortion, a better surface finish, and shorter cycle times.
“Keeping costs down whilst maintaining product quality are the key issues in the plastics industry, and Cinpres processes and machinery are substantial contributors to answering these issues,” said Mr Butler. “We are at the forefront of research and design for plastic manufacturing, ensuring that the most up-to-date processes and equipment are made available to our customers to keep up with developments.”
